BSN

BSN Executive-1

An unsecured BSN personal loan exclusively for executives from multinational, private, or government link companies at competitive interest rates and flexible repayment terms

    • Financing up to RM200k
    • Up to 10 years tenure
    • Unsecured Loan
  • Borrow: RM 
    How Long: years
    My monthly income: RM  

    Monthly repayment: RM-

    Interest rate p.a.: -%

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Interest rates

How much the bank charges you based on your loan amount & loan period

You BorrowLoan PeriodYour IncomeInterest Rate
RM10000 - RM2500024 to 120 monthsmin. RM360008.5% p.a.
RM10000 - RM7000024 to 120 monthsmin. RM600007% p.a.
RM10000 - RM20000024 to 120 monthsmin. RM1200006% p.a.

Fees & Charges

There are always fees but how much are they?

Interest Rate / APR
from 6% p.a. to 8.5% p.a. , depending on loan amount and period
Processing Fee
None
Stamp Duty
0.5% of the whole amount
Early Termination Fee
None
Late Penalty Fee
1% from current outstanding amount

Requirements

Are you eligible for this personal loan?

Minimum annual income
RM36000
Minimum age
21 years old
Maximum age
55 years old
Who can Apply
  • Malaysians
  • BSN Giro/i Account holders
  • Salaried employee
  • Executive
  • Government-Linked Company employee
  • Multi-National Corporation employee
  • Public Listed Company employee
  • GLC employee
  • Professional

Frequently Asked Questions about BSN Executive-1

Things you might want to know

Who can apply for BSN Executive-1 personal loan?

BSN Executive-1 personal loan opens to permanent and contract employees with minimum 3-years working experience. Any Malaysian citizens aged between 21 to 55 / 60* years with minimum gross monthly income of RM3,000 and RM10,000 for permanent and contract staff respectively.

This BSN personal loan is offered exclusively to those working in:

  • Statutory Bodies, Government Linked Companies, selected Public Listed Companies in the Main Market Bursa;
  • Professionals (such as, Doctors, Lawyers, Architects and Accountants);
  • Premier Developer Panels, Private Hospitals, Telecommunication Companies, Licensed Financial Institutions, Multinational Companies;
  • PETRONAS Group of Companies; AND
  • Selected Private Universities & Colleges.

How much money can I borrow?

Whatever your personal financing needs may be, BSN Executive-1 personal loan can help part finance your dreams from a minimum of RM10,000, up to 10x of your gross monthly income, capped at RM200,000, with repayment terms between 2 to 10 years.

You can choose to service your monthly instalment over a fixed / flat or floating interest rate. If you want to maintain paying the same instalment amount every month, a flat interest rate between 6% to 8.5% will be assigned to your loan amount. 

If you earn variable income and like to take advantage of interest rate decline, a floating interest rate of BR + 5% will be charged on your loan amount.

Is there an Islamic option for this BSN personal loan?

Absolutely. For borrowers who like to adhere to their religious values, i.e. non-interest based financing, BSN offers a Shariah compliant Executive-1 facility that follows the concepts of Tawarruq or Commodity Murabahah at competitive profit rates.

The profit rates, financing amount and tenures will be similar to its conventional counterpart.

What is my monthly commitment for BSN Executive-1 personal loan?

Your BSN personal loan repayments start one month after you’ve received the money, with the payments need to be made every month until the total total loan amount is repaid. BSN requires you to enroll into its Giro or Giro-i Account and setup a Standing Instruction for this purpose. 

You can finish paying for your personal loan whenever you want as there is no lock-in period and no penalty for early settlement, just inform BSN by way of a written notice. 

What documents do I need to prepare for this BSN personal loan application?

You will need the following documents for your BSN Executive-1 application:

  • A copy of your NRIC (front and back);
  • A copy of latest 3-months salary slips;
  • Latest EPF statement; AND
  • A Confirmation Letter from your employer with details of your Name, NRIC number, Designation / Status, Monthly Salary, Date of Employment and Date of Retirement.

Alternatively for business owners, latest EA / EC statement and e-Filing form or any relevant documents verified by the Inland Revenue Board ( LHDN).

Am I qualified to apply for BSN personal loan if I'm blacklisted?

Depending on your credit history with other financial institutions because all these information (outstanding credit card, personal loan, home loan or car loan debts) will be captured in CCRIS / CTOS (a system that collect credit information on borrowers, not blacklisting them).

If you have a poor credit standing, you need a reality check, which is changing the habit of delaying your instalment payment with any financial institutions moving forwards.

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